New Zealand's operating deficit was wider than forecast in the first five months of the government's fiscal year as personal income tax continued to come up short of the Treasury's expectations.

Bank economists fear as many as one in 10 Christchurch residents will leave the region if major aftershocks continue in coming months.

Does a country of 4.4m really need 28 ministers - 20 in Cabinet and eight outside?

Labour is promising a full inquiry into all aspects of the failure of South Canterbury Finance if it wins the election.

Minister 'unaware' of questions on genetic engineering gains.